It is a not-for-profit organization owned and controlled by its members. The goal of the Credit Union is to encourage the financial empowerment of its members through education, regular savings, and a variety of services in order to obtain economic independence. This goal will be accomplished while maintaining and building an adequate capital base. Global 1 Federal Credit Union will continually play a leadership role in the communities it serves by providing high quality personal services in a friendly environment.

The credit union served the employees of United Engineers & Constructors (UE&C). Subsequently, UE&C was purchased by Raytheon and became know as RE&C. Following the name change of our sponsor company UE&C Employees Federal Credit Union requested a name change to Global 1 Federal Credit Union, since the credit union was servicing members around the "globe".

The credit union was originally located in Philadelphia, PA and eventually opened a branch in Princeton, NJ inside the sponsor companies corporate office. When the sponsor company closed the Philadelphia, PA office the credit unions entire operations were shifted to the Princeton, NJ office in 1998. The credit Union remained at the Princeton, NJ office until January of 2014, at which time the credit union planned a merger with ESB Employees Federal Credit Union. The 2 credit unions decided to relocate the Global 1 FCU office to their Pennsauken, NJ location. As of March 1, 2014 Global 1 FCU and ESB Employees FCU completed a merger Becoming Global 1 FCU.

After the merger the credit union has one branch located at 7512 Maple Avenue, Pennsauken, NJ 08109.